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The transactions of Spade Company appear below. Kacy Spade, owner, invested $14,250 cash in the company in exchange for common stock. The company purchased supplies
The transactions of Spade Company appear below.
- Kacy Spade, owner, invested $14,250 cash in the company in exchange for common stock.
- The company purchased supplies for $413 cash.
- The company purchased $7,880 of equipment on credit.
- The company received $1,682 cash for services provided to a customer.
- The company paid $7,880 cash to settle the payable for the equipment purchased in transaction c.
- The company billed a customer $3,021 for services provided.
- The company paid $515 cash for the monthly rent.
- The company collected $1,269 cash as partial payment for the account receivable created in transaction f.
- The company paid a $800 cash dividend to the owner (sole shareholder).
Prepare the Trial Balance. Use May 31 as its report date.
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